Traders Magazine
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The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, published a research paper titled ‘
Circuit breakers and other market safeguards,’ as part of the industry’s work on systemic resilience and the structures that support market integrity.
This paper, the first of a two-part series, examines and analyses the kind of circuit breakers and other safeguards that are most prevalent among exchanges today and how they were used during the recent COVID-19 related events. The analysis focuses on the equity markets, covering both cash equities and equity derivatives, and reflects exchanges’ views on the topic over the period from June to November 2020, when the survey was conducted.